“Banking the Unbanked”
Globally, there are about 1.4 billion adults that remain unbanked. This is a fundamental problem to solve, are we highly motivated to give our contribution by creating and supporting new digital financial services. We believe this is instrumental to reduce poverty and to promote shared prosperity in countries with a large number of unbanked people.
Fintech companies can bring financial services to people who previously didn’t have bank accounts. In remote areas without internet access, digital transactions can be made at little or no cost using simple feature phones. We believe that technology (mobile, digital money, blockchain, data-engineering) will transform the global financial system, levelling up the access to quality financial services to anyone, independent of the place where you were born.
“Connecting Everyone, Everywhere”
By 2025 there will be 2.8 billion people connected on 5G. 6G technology is also under development, which will be 100x faster. In parallel, a vast number of satellite systems around Earth’s orbit are being deployed that will ultimately cover every square meter of the Earth.
A wave of new consumers and businesses will emerge into the global economy, around 3 key areas:
1. Internet-of-Things and Economy-of-Things: as physical assets become easily connected they can participate in real-time digital markets for new products and services.
2. Connected Cars and Mobility: connected cars communicate with other cars and the infrastructure around them, to optimize traffic flow, improve safety on the roads, execute payments on-the-go and creating new experiences while on the road. Mobility as a Service will emerge from the integration of all modes of transportation into a single platform, creating a more seamless and efficient transportation experience for users.
3. Smart Cities: as the world's population grows and people increasingly migrate to urban areas, cities will face unprecedented challenges in terms of transportation, energy consumption, waste management, and other critical issues. This presents a significant opportunity for companies to create solutions that improve the quality of life in cities.
“New paradigms for digital entertainment”
Sports are a crucial aspect of society, enabling individuals to learn and practice important values such as teamwork, respect, and fair play, while also promoting physical and mental well-being, fostering a sense of belonging, and building stronger communities.
The individuals who comprise this market are intensely passionate, and as sports grow more intertwined with media and technology, we believe that people want to engage with the idols, brands and communities that inspire them, and the path to do so starts with technology.
By 2025, 3.5 billion players will help the market generate $225.7 billion, primarily driven across the world by mobile. New experiences and revenue models can be explored to empower gamers to move from passive sports consumption into active sports consumption, own their in-game achievements, have fun and play-to-earn, while experiencing immersive events, watching streams, and collecting gaming memorabilia.
“Using technology to promote affordable access to Healthcare”
Healthcare spending continues to grow with $4 trillion spent on healthcare costs annually in the US alone, rising faster than economic growth in all OECD countries and will become unaffordable without reform – from 6% of GDP today to 14% of GDP in 2060. The aging of populations and the low income of a huge part of the global population, that cannot afford an insurance, makes the access to affordable healthcare a global human right very difficult to achieve.
The transition of healthcare from the hospital and doctor’s office into the home, supported by biometric sensors (wearables and implantables) will feed continuous data to proactive medical clouds. Continuous monitoring will enable medicine to transition from reactive to preventive, from episodic to continuous, allowing disease to be detected at its earliest stages and chronic conditions to be handled over our lifetimes. Increased use of AI in diagnostics and point-of-care treatments will greatly improve access to healthcare and its affordability.
“Make the internet more decentralized and more democratic”
Blockchain, digital assets and smart-contracts technology have the potential to enable the creation of community-centric digital economies, allowing consumers to participate in the growth of the products and benefit from them. Despite the crisis of credibility of the crypto market, we believe that blockchain technology has a potential of transformation for several business applications, including finance, cross-border transactions, entertainment, manufacturing, commerce, among others.
Smart contracts and the blockchain can reduce the need for third-party service providers, which can both reduce business costs and add extra layers of security. The blockchain tracks every transaction made on it on an unchangeable record, which provides reliable record-keeping with a high degree of availability: on the blockchain if one server goes down it won’t lead to the loss of vital data. The decentralized nature of blockchain provides a fair and transparent network with decentralized power. We believe that Web 3.0 will remove some control from tech giants, making the Internet more decentralized and democratic.